CIBC Has Lowered Expectations for Stella-Jones (TSE:SJ) Stock Price

Stella-Jones (TSE:SJ) had its price target cut by research analysts at CIBC from C$90.00 to C$89.00 in a research note issued to investors on Friday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 6.27% from the company’s previous close.

A number of other research analysts also recently weighed in on SJ. Cibc World Mkts downgraded Stella-Jones from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 21st. TD Securities upped their price objective on Stella-Jones from C$90.00 to C$97.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank Of Canada raised their target price on shares of Stella-Jones from C$78.00 to C$87.00 and gave the company a “sector perform” rating in a research note on Wednesday, October 8th. Desjardins boosted their target price on shares of Stella-Jones from C$89.00 to C$92.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Finally, National Bankshares increased their price target on shares of Stella-Jones from C$92.00 to C$95.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$91.33.

Stella-Jones Stock Up 2.3%

Shares of Stella-Jones stock traded up C$1.89 during trading hours on Friday, reaching C$83.75. 101,386 shares of the company’s stock were exchanged, compared to its average volume of 112,624. The stock has a market cap of C$4.63 billion, a P/E ratio of 14.10, a P/E/G ratio of 2.40 and a beta of -0.10. The company has a 50 day moving average of C$79.44 and a two-hundred day moving average of C$77.34. The company has a current ratio of 6.85, a quick ratio of 1.20 and a debt-to-equity ratio of 87.53. Stella-Jones has a fifty-two week low of C$62.26 and a fifty-two week high of C$84.87.

About Stella-Jones

Stella-Jones Inc produces and sells lumber and wood products. The company operates in two segments: Pressure-treated wood, which includes utility poles, railway ties, residential lumber, and industrial products; and Logs & Lumber segment comprises of the sales of logs harvested in the course of the company’s procurement process that is determined to be unsuitable for use as utility poles, it also includes the sale of excess lumber to local home-building markets.